re: Retirement Review -- Am I on Track?

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We recently had twins, bumping us up to a family of five. We went over our budget and investments this week and I'd like some opinions on where we stand.

Here's a brief rundown:

- We are 33/34 and we have three kids, all under 2.

-We both work and we have a combined gross income between $170,000 and $180,000, depending on small bonus amounts.

-Our only debt is our home mortgage and one vehicle we financed at 1.5%. We owe a little over $200,000 on the mortgage.

-We both max our 401ks every year, and we max a Roth IRA for each of us. We started maxing in our late 20's.

-I've started a 529 plan for each kid, and we contribute a small amount to it every month ($50-100 per kid).

-Spouse has a Childcare FSA that we max to pay for daycare for our oldest.

-We contribute monthly to two mutual funds outside of the retirement contributions.

-Overall, we invest between 28-30% of our gross income.

-We have an emergency account that is in a savings account, though I am thinking about reducing the amount in the savings account and investing it in another fund.

-Investment accounts (including retirement accounts) as of now total over $500,000.

Any thoughts on how we are doing? Retirement calculators say we are on track, but I do not have faith in the calculations/assumptions.

Also, my work offers a Roth 401k. Should I split my 401k investments between traditional and Roth?

Any other suggestions/advice?

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Am I on Track?

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